Hemostemix (CVE:HEM) Trading 57.1% Higher – Here’s What Happened

Hemostemix Inc. (CVE:HEMGet Free Report) shares were up 57.1% on Tuesday . The stock traded as high as C$0.12 and last traded at C$0.11. Approximately 516,088 shares were traded during mid-day trading, an increase of 439% from the average daily volume of 95,821 shares. The stock had previously closed at C$0.07.

Hemostemix Stock Up 50.0 %

The business has a 50-day simple moving average of C$0.08 and a 200-day simple moving average of C$0.07. The stock has a market cap of C$9.15 million, a P/E ratio of -5.25 and a beta of 0.20.

About Hemostemix

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Hemostemix Inc, a clinical stage biotechnology company, develops, manufactures, and commercializes blood-derived stem cell therapies for medical conditions in Canada. Its lead product is ACP-01, an autologous cell therapy, which is in Phase II clinical trial for the treatment of vascular diseases, such as cardiovascular disease, peripheral arterial disease, angina pectoris, and ischemia.

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